Monarch Partners Asset Management LLC Has $3.36 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Monarch Partners Asset Management LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 25.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,010 shares of the insurance provider’s stock after purchasing an additional 16,030 shares during the period. Monarch Partners Asset Management LLC’s holdings in Arch Capital Group were worth $3,359,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. World Asset Management Inc boosted its position in Arch Capital Group by 2.5% in the third quarter. World Asset Management Inc now owns 12,273 shares of the insurance provider’s stock valued at $515,000 after buying an additional 305 shares in the last quarter. Commonwealth Bank of Australia boosted its position in Arch Capital Group by 0.8% in the second quarter. Commonwealth Bank of Australia now owns 38,525 shares of the insurance provider’s stock valued at $1,423,000 after buying an additional 309 shares in the last quarter. Financial Advantage Inc. boosted its position in Arch Capital Group by 0.3% in the third quarter. Financial Advantage Inc. now owns 119,263 shares of the insurance provider’s stock valued at $5,006,000 after buying an additional 310 shares in the last quarter. LS Investment Advisors LLC boosted its position in Arch Capital Group by 4.3% in the second quarter. LS Investment Advisors LLC now owns 7,780 shares of the insurance provider’s stock valued at $288,000 after buying an additional 318 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Arch Capital Group by 2.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,226 shares of the insurance provider’s stock valued at $640,000 after buying an additional 329 shares in the last quarter. Institutional investors and hedge funds own 79.89% of the company’s stock.

Shares of NASDAQ ACGL traded up $0.12 during trading on Friday, reaching $40.58. The company had a trading volume of 1,129,700 shares, compared to its average volume of 1,217,083. Arch Capital Group Ltd. has a 52 week low of $24.79 and a 52 week high of $42.86. The stock has a market cap of $16.42 billion, a PE ratio of 18.45, a PEG ratio of 1.47 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 0.54. The business’s 50 day moving average price is $41.49 and its 200-day moving average price is $38.08.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, October 29th. The insurance provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. Arch Capital Group had a net margin of 21.97% and a return on equity of 10.59%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post 2.76 earnings per share for the current year.

ACGL has been the topic of a number of recent analyst reports. MKM Partners boosted their price target on shares of Arch Capital Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays set a $47.00 price target on shares of Arch Capital Group and gave the company a “buy” rating in a research report on Monday, August 12th. ValuEngine lowered shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. BidaskClub lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Buckingham Research boosted their price target on shares of Arch Capital Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $39.67.

In other Arch Capital Group news, CEO Maamoun Rajeh sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $39.08, for a total value of $781,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Grandisson sold 78,300 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $40.05, for a total transaction of $3,135,915.00. Following the completion of the transaction, the chief executive officer now directly owns 92,309 shares of the company’s stock, valued at $3,696,975.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,400 shares of company stock valued at $5,308,565. Insiders own 5.20% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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